Press releases

The global automotive wrap films market size is projected to value USD 28.89 billion by 2030, expanding at a CAGR of 22.2% from 2022 to 2030. Automobiles are coated with automotive plastic wrap films for advertising and personalization.

The global cell therapy market size is expected to value USD 23.0 billion by 2028, expanding at a CAGR of 14.5% from 2021 to 2028. The market is driven by the emergence of advanced cellular therapy methods that can help restore, replace, repair, and regenerate damaged tissues among patients suffering from chronic ailments.

The global smart lock market size was USD 1.64 billion in 2021 which is anticipated to expand at a CAGR of 19.5% and reach USD 8.13 billion by 2030. Factors driving the growth include an increase in the implementation of the internet of things (IoT), machine learning (ML), and artificial intelligence (AI).

The global radiation oncology market size is projected to reach USD 11.7 billion by 2028, registering a CAGR of 7.0% over the forecast period. The growing occurrence of cancer and the technological advancements to meet the needs of the treatments, especially in radiation therapy equipment is a major driving factor for the market growth.

The global ophthalmic drugs market size was USD 33.5 billion in 2021 which is projected to expand at a CAGR of 7.7% and reach USD 65.6 billion by 2030. Factors driving the market growth include the introduction of ophthalmic drugs through research and development (R&D), the implementation of strategies for meeting the needs of ophthalmology, and an increase in blindness and visual impairment.

The global cyber security market size was worth USD 184.93 billion in 2021 which is projected to reveal a CAGR of 12% and reach USD 500.7 billion by 2030. Factors likely to drive this growth include the distribution of cloud solutions, increased use of smart devices, and e-commerce websites

The global in vitro fertilization market size is projected to register a CAGR of 5.9% from 2022 to 2030, reaching USD 37.4 billion by 2030. Escalating infertility cases owing to lifestyle changes and the growing reprotourism are majorly driving the market growth. 

The global viral vectors and plasmid DNA manufacturing market size was valued at USD 2.9 billion in 2021 and is expected to reach USD 11.2 billion by 2030, registering a CAGR of 14.7% from 2022 to 2030. The market growth is primarily fueled by the rising global incidences of cancer disease and the development in the accessibility of urbane healthcare amenities.

The global dark fiber network market size was valued at USD 5.29 billion in 2021 and is expected to reach USD 13.45 billion by 2030, registering a CAGR of 11.9% from 2022 to 2030. Dark fiber network technology is being progressively visualized as a resourceful solution for organizations that emphasize network management capabilities and improved communication.

The global COVID-19 diagnostics market size was valued at USD 97.4 billion in 2021 and is expected to amass USD 50.1 billion in value by 2030, advancing at a CAGR of 7.7% during the period in focus. The advent of coronavirus infection was first detected in the year 2019 and has stressed the need for a reliable and accurate testing mechanism. 

The global magnetic resonance imaging market size was valued at USD 4.8 billion in 2021 and is expected to reach USD 9.0 billion by 2030, registering a CAGR of 7.1% from 2022 to 2030. MRI is an efficient diagnostic system implemented to identify ailments associated with tumors, spine abnormalities, and strokes that affect the brain and blood vessels.

The global home healthcare market size was valued at USD 336 billion in 2021 and is expected to reach USD 666.9 billion by 2030, registering a CAGR of 7.9% from 2022 to 2030. Home healthcare is a cost-efficient alternative in comparison with in-patient hospital care.

The global bioanalytical testing services market size was valued at USD 3.64 billion in 2021 and is expected to reach USD 7.65 billion by 2030, registering a CAGR of 8.6% from 2022 to 2030. The growing trend in the outsourcing of research & development activities by biopharmaceutical companies for streamlining their fundamental capabilities is one of the primary factors boosting the market growth.

The global plastic compounding market size is projected to reach USD 112.08 billion by 2030, advancing at a CAGR of 7.4% during the forecast period. The continued expansion observed in various major end-use industries such as construction, electrical & electronics, packaging, and automotive is expected to be a significant factor enabling market growth.

The global personal care contract manufacturing market is expected to be worth USD 37.11 billion by 2030, advancing at a CAGR of 8.1% from 2022 to 2030. The continued growth in sales of cosmetics and personal care products such as creams, lotions, deodorants, soaps, and shampoos is expected to play a major role in driving the industry's advancement.

The global essential oils market is projected to advance at a steady CAGR of 7.4% during the forecast period from 2021 to 2028. The continued increase in demand for these products to address various physical as well as mental health issues, the growing popularity of aromatherapy across the globe, and constant advancements and innovations on part of the manufacturers are major factors driving the industry growth.

The global hand sanitizer market is anticipated to be worth USD 10.84 billion by 2030, advancing at 6.8% CAGR from 2022 to 2030. Hand sanitizers have become an essential product in recent years, especially post the advent of the COVID-19 pandemic; governments, as well as private organizations, have repeatedly stressed the importance of maintaining the hygiene of hands, as they come in contact with several foreign particles throughout the day. 

The global 3D printing market is projected to be worth USD 76.17 billion by the year 2030, progressing at a substantial CAGR of 20.8% from 2022 to 2030. 3D printing, also known as additive manufacturing, is an automated process that is used for creating functional end-use parts and rapid prototypes for serving specific end-use areas.

The North America MRO distribution market size is projected to reach USD 188.5 billion by 2030, expanding at a CAGR of 2.5% from 2022 to 2030. The expansion of product penetration in the manufacturing industry to standardize various equipment and critical services is one of the major driving factors of the market. 

The global preclinical CRO market size was valued at USD 4.87 billion in 2021 and is projected to reach USD 9.67 billion by 2030, expanding at a CAGR of 7.9%.  Two major factors primarily determining the preclinical CRO market growth are the growth in opportunities for outsourcing preclinical CRO services and early research activities during the drug discovery process.